Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. Inventory issues. Push for tech.

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Housing Wire

DECEMBER 22, 2020

The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. But blockchain is also being increasingly adopted by tech companies in the mortgage space seeking to revolutionize and disrupt the industry. Friedman HW+ Columnist.

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Appraisal Buzz

AUGUST 11, 2021

Commercial and multifamily mortgage bankers are expected to close $578 billion of loans backed by income-producing properties in 2021 – a 31% increase from 2020’s volume of $442 billion, according to the Mortgage Bankers Association ’s (MBA) newest forecast.

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Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

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Housing Wire

JANUARY 10, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services scrapped its plans to hire more than 300 staff in North Carolina due to prolonged periods of elevated interest rates. In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3 million over the course of 12 years.

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Housing Wire

DECEMBER 7, 2020

As we look ahead to 2021, we remember that this year, the housing market has continued to remain a bright spot in the economy, even as other areas continue to struggle amid stay-at-home orders and economic shutdowns. Now, economists are focusing their sights on 2021, and forecasts are more difficult than ever to create.

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Housing Wire

OCTOBER 21, 2020

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

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Housing Wire

JUNE 1, 2021

2021 HousingWire Rising Star Matt Jones, pictured above, is portrayed on the cover of the June HousingWire Magazine issue. And for housing in particular, some of the biggest questions that Jones recalls were, “What happens to the people who can’t pay their rent or mortgage?” Senate Finance Committee. BECOME A MEMBER TODAY.

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Housing Wire

SEPTEMBER 23, 2021

Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% The amount of equity for a property is determined by comparting the estimated current value of the property against the mortgage debt outstanding (MDO). in the second quarter of 2021 as compared to Q2 2020. million homes.

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Housing Wire

MARCH 18, 2024

A national syndicated columnist has taken a closer look at the reverse mortgage product category after reviewing data from the Consumer Financial Protection Bureau (CFPB) about the industry’s advertising practices , and she says that the product can have utility for older Americans as long as a prospective borrower properly understands it.

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Housing Wire

DECEMBER 11, 2020

With it behind us, let’s look ahead at several housing market trends that are likely in 2021 and beyond. First, exceptionally low mortgage rates are likely to be around for an extended period. 2020 was a truly unprecedented year. during the next two years. This would be a percentage point lower than the 4.1%

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Appraisal Buzz

DECEMBER 3, 2021

Mortgage lending has dropped in the second and third quarters of 2021, with finance mortgages dropping 13% and purchase loans off 2% for the first time this century. According to ATTOM’s Q3 2021 U.S. Residential Property Mortgage Origination Report, 3.59

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Housing Wire

DECEMBER 2, 2020

The nature of the crisis this year and headed into 2021 because of the ongoing COVID-19 pandemic has emphasized that fact. Mortgage rates are at record lows, and many households have realized they need more or different housing than was the case at the beginning of this troubled year.

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Appraisal Buzz

JANUARY 18, 2022

The Mortgage Bankers Association ‘s (MBA) new monthly Loan Monitoring Survey has revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of December 31, 2021. Ginnie Mae loans in.

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Appraisal Buzz

SEPTEMBER 28, 2021

They year 2018 saw historic levels of merger and acquisition activity, but new data suggests that 2021 will surpass that activity as the industry finds itself in the midst of consolidation. The post Mortgage M&A Activity Takes Off in 2021 appeared first on theMReport.com.

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Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. The 2021 housing market will be much more ‘normal’ than the wild swings we saw in 2020,” said realtor.com’s Chief Economist Danielle Hale. However, it all depends on the course the COVID-19 pandemic takes.

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Housing Wire

JUNE 24, 2021

In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. PPP may have meant something different in 2020, but this year the 3 P’s are the guiding light to long-term mortgage success and domination. The Pulse of Consumer Shopping Behavior: Mortgage Purchase, Refi & More.

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Housing Wire

APRIL 10, 2024

HomeEquity Bank , the leading reverse mortgage lender in Canada and a Schedule I federal bank in the country, announced on Wednesday that its longtime president and CEO Steven Ranson will retire effective June 30. “We

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Housing Wire

JANUARY 19, 2021

in 2021, an increase of 0.8 in 2021, with the monthly pace slowing throughout the year. Purchase mortgage originations are expected to rise to $1.8 trillion in 2021, up from the projected $1.6 trillion in 2021, down from a projected all-time high of $2.8 Managing Credit Risk in 2021 and Beyond. contraction.

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Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

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Appraisal Buzz

JUNE 21, 2022

The rate of critical defects in mortgage loans increased to 1.95% in the fourth quarter of 2021, according to ACES Quality Management Mortgage QC Industry Trends Report. That’s an increase of 4% compared with the third quarter of 2021.

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Housing Wire

SEPTEMBER 19, 2022

A perfect lending storm spurred by the pandemic resulted in an absolutely stunning year for the mortgage industry in 2020. overall market share in 2021, up from 38.9% That total has been rising every year since 2018, with specialist nonbank mortgage lenders gaining prominence as depository lenders pull back. from 66.8%

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Housing Wire

DECEMBER 29, 2021

What a year 2021 has been. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. A bullish housing market.

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Housing Wire

DECEMBER 28, 2020

Here’s what I think that means for the 2021 housing market. The 10-year yield and mortgage rates In 2015, I made my first bond yield forecast for the coming year. predicting that the 10-year yield would be in a range of 1.60%-3%, and as such mortgage rates would be in range of 3.5%-4.75%.

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Housing Wire

AUGUST 1, 2023

billion in new mortgages for apartment buildings with five or more units in 2022, a reduction of around 1% when compared to 2021 levels. This is according to an annual report of the multifamily lending market compiled and released by the Mortgage Bankers Association (MBA).

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Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. As we can see below, housing moderated, found a base and moved higher toward the second half of 2021. So far, 2020 and 2021 have come in as a noticeable beat in my eyes.

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Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan. district court in Michigan.

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Housing Wire

FEBRUARY 25, 2022

Nonbank mortgage lender and servicer Ocwen Financial Corporation improved its performance in 2021, despite a deterioration in its earnings during the last three months of the year. The company reported on Friday a $18 million profit in 2021. billion in 2021. Ocwen posted a net loss of $40 million in 2020.

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Housing Wire

FEBRUARY 8, 2024

Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from the Mortgage Bankers Association (MBA). This is the lowest foreclosure inventory rate since the fourth quarter of 2021.

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Housing Wire

OCTOBER 5, 2021

home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021. Nearly one quarter of U.S.

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Housing Wire

APRIL 10, 2024

The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies. Department of Housing and Urban Development (HUD) in 2013.

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Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023. Now lets take a look at the weekly inventory data.

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Housing Wire

JULY 1, 2021

When mortgage and acquisition activity picked up, marketers created new brand unity between companies. They were there, in the middle of everything, to make sure that brand loyalty would last well beyond 2021. First Guaranty Mortgage Corporation. Princeton Mortgage. A&D Mortgage. Mortgage Capital Trading.

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Housing Wire

FEBRUARY 13, 2024

Mortgage tech firm TRAiNED Inc. In 2017, Cunningham, de Jong and three others founded Sales Boomerang, an automated borrower intelligence and retention system for the mortgage industry. He was named a 2021 HW Insider after Sales Boomerang debuted in the top 5% of the Inc.

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Housing Wire

DECEMBER 23, 2020

While the speed and magnitude of the housing recovery was surprising, the strong underlying fundamentals serving as tailwinds for the housing market’s recovery were not, and these tailwinds are expected to remain strong in 2021. 2021 housing market tailwinds: Rates, demographics and supply. The rest of this content is for HW+ members.

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Housing Wire

MARCH 29, 2022

Origination volume for FHA -insured loans increased by 3% in 2021, growing from $324 billion in 2020 to $332.24 billion, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. The top FHA mortgage originator by volume was Freedom Mortgage Corp. originating $25.5

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Housing Wire

MARCH 29, 2022

Origination volume in the Veterans Affairs (VA) universe amounted to $388 billion in 2021, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. The top 10 VA lenders by volume in 2021: Freedom Mortgage Corp. Rocket Mortgage came in second by volume, originating $29.72

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